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story this evening, four days before election day. and the race between president obama and mitt romney could not be any tighter. >> four more days! four more days! >> all right. the president today telling his liberal supporters that the mere mention of governor romney to exact revenge. >> no, no, no. don't boo. vote. vote. voting's the best revenge. >>> and thank you, again, vice president joe biden, for yet another gift. >> there's never been a day in the last four years i've been proud to be his vice president. not one single day. not one single day. >>> and we ask a key question tonight. is hurricane sandy so much worse with the loss of life and incredible suffering covering a third of the country? is that going to put voters in an angry, frustrated and ugly place? so much so that it damages president obama's re-electionesre-electio re-electionest. >>> we begin tonight with breaking news. after a friday filled with fury, michael bloomberg gave into the criticism and canceled the ing new york city marathon scheduled for this sunday. let's go live to cnbc's brian shactman with the la
. >> final word, mr. la camp. >> well, i agree. if the republicans win, if mitt romney wins, there's going to be some optimism, enthusiasm, maybe a quicker fix to the fiscal cliff, and we have a rally that could last through january. but then we've got longer term problems that he can't fix overnight, and then the market is going to run into some new headwinds. >> thank you to the two jims. >>> coming up, this storm could have a huge impact on the presidential election. you might be surprised at which candidate this storm is hurting more. please stay with us. when you take a closer look... the best schools in the world... see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... they can inspire our students. let's solve this. >>> the massive recovery efforts are under way, but one lingering impact from sandy could be on politicians. eamonn is in washington with the latest. >> it wa
of view? >> i think romney may have to wait whereas obama probably does it a little bit sooner. >> if you're just joining us, final set of numbers on on the u.s. jobs market before the election will be out in just a few hours. >> stocks in europe into the green. >> and raising costs of sandy. one estimate now puts losses from the storm at $60 billion. >> and trade link, we'll hear from the chairman of the investment correspond naturing boa coordinating board of how the country is dealing with qe in the west. >>> policy easing raise the specter of high inflation and overheating in developed economies that are expecting faster growth rates. >> indonesia has seen its foreign reserves balloon to more than $100 billion. earlier ross spoke with the chairman of the indonesian investment coordinating board and started asking how the company is dealing with hot money flows. >> the government has to channel p participating easing money coming from the western u.s. and the best way to handle the issue is by building the infrastructure. this is the thing we would like to see happen in indonesia. >> a
battleground state of wisconsin shows a dead heat. romney, obama, tied at 49%. so joining me now for an exclusive interview is governor scott walker, republican from wisconsin. governor walker, as always, sir, welcome back to the "kudlow report." we appreciate it. they're tied at 49% which is something of a surprise. the republicans strnts taken the state of wisconsin in a presidential election since 1492. so how does it look, how do you see it right now? >> well, i was out in green bay, wisconsin nearby where the president was today. i've been all over the state the last couple days. momentum is clearly on our side. and you expect that out of somebody advocating for candidates, but i've really seen it. we made 4.5 million voter contacts leading up to the june 5th election. we won by a bigger mar begin than we did in 2010. and that basis of support hasn't let up, that converted over to mitt romney, it got inspired when paul ryan was added to the ticket. but most importantly, the day after mitt romney had that impressive first debate in denver, we saw the phone lines lit up, we sa
there to be a ridiculously euphoric rally if romney were on to win. i don't believe he will. in fact i don't favor him winning. but having said that -- i know, no politics. >> no, i take issue with the statement that markets will have a rally if romney wins because we've seen a number of commenters putting out notes from firms from wall streerts who support romney nevertheless saying they think some of the price action, weaker stock market, a little bit of back up in bond yields may be owed to the fact that markets pricing in romney victory and actually not liking what it sees. p. >> i don't agree with that at all. i think on this side of the pond, the dominant view is that obama will probably succeed. i don't think the market is pricing that in at all. i think if anything, folks are continuing with the same means which are very, very weak europe, concern prior to the pmi number today about china, the fact that aggregate demands in general is under pressure. this is still a big global story about aggregate demand relative to the supply of labor capacity and capital globally. we don't have a sufficient
money and the election. the power of the presidency. what obama or romney would mean to the markets or economy. then the bombshell accusations by a banker turned whistle employeer. my interview with greg smith about why he left one of the most prestigious firms in world and the charges he makes. and cooking up the formula for success for small businesses. "wall street journal" report begins right now. >> here's a look at what's making news as we head into a new week. some encouraging news about the economy. the cross domestic product grew up 2%. the broadest overall measure. economists were expecting a growth rate of 1.8%, the number booming by increase in spending and stronger housing market. the dow falling nearly 250 points on tuesday after poor earnings news an the market was plate later in the week. big multinationals did not farewell. guidance was light. boeing and proctor and gamble beat expectations. among technology and internet company, yahoo! and facebook beat expectations -- the company introducing the ipad mini, smaller and lighter than the full size ipad and listing fo
president obama resumes its election campaign duties today. he's ahead of mitt romney in three key states according to the latest "wall street journal" nbc poll. but the majority of the swing states are still there for the taking. it's shaping up to be one of the closest races in history. >> using new methodology, adp's revised calculations for the monthly job reaction at down from 162,000 the firm originally reported. october's figure is due out today. and washington's official nonfarm payroll on friday, of course. analysts are expecting around 15,000 jobs to have been created in october and a slight uptick in the job let last. did you see that story that said if you have a smartphone, blackberry, your company gets an extra 460 hours out of you a year. there is one or two that we get even more time on their blackberries, but seriously, i was looking at my smartphone and there are comments from our viewers saying come on, viewers in the states are not so stupid as to change their mind in the last couple days given what chris christie said. they've made their opinion up on a longer term ba
to turn back to the key states. we talk u.s. politics next. >>> barack obama and mitt romney have suspended cam been appearances, but what swing states will they swing by once the storm has passed in ron freeman joins us now. ron, first up before we talk about the resumption on the campaign trail, let's talk about the possible reaction. because there are so many different ways to see this whether obama looks presidential, whether he makes a policy misstep to his reaction to the store, whether the early voting has been impacted. who will benefit from this and does it have an impact of swinging the election outcome? >> there's certainly an ill wind, but fortunately for obama, it's affecting mainly states in which his majority is just about assured. new york is a very strong democratic state. obama has new york in his pocket. i think it's also true for most of the eastern seaboard. it's the center of the united states where most of the problems are. the only real swing state on the eastern seaboard that's affected by the storm is virginia. >> when it comes to the election will be hel
for hurricane sandy and how it might affect the election. big storm forcing him and governor romney to cut short campaigning for today. what impact will sandy have on the voting and the elections? our chief washington correspondent john harwood joins us. hi, john. >> president obama's campaign hopes it is going to help him for two reasons. one, that he gets to fulfill the role as commander in chief and ahead of the federal government help states that are affected by this, but also because they think they're winning this race in the battlegrounds and that effectively the race is frozen. now governor romney was out in ohio today, campaigning, making some arguments about the auto bailout which has been an issue that's helped president obama in the state of ohio. but the problem for mitt romney and anyone else participating in the campaign right now is all the coverage is drowning out anything that politicians say. we are locked in a very tight race. we had two new polls out this morning, tracking polls. one, the washington post/abc news poll showed mitt romney 49%-brah 49%-barack obama 48%. another
essential versus nonessential. in any case, president obama and mitt romney have canceled campaign events today due to hurricane sandy, this only eight days left before the presidential election with polls showing an extremely tight race. joining us now for more is columnist and blger f blogger a contributor. james, thank you for getting up this morning. and you mentioned even just getting to the office, you are already seeing the rain. >> i have to admit that as i was coming in, i was -- even though i love cnbc and i love this show, i was regretting it just a little bit as the rain was heavier than expected and as soon as i'm done, i'm heading home and going deep into the bunker. >> yes, be safe. we know we see the path of the storm seems to be aiming directly for pennsylvania, although the impact because it's so large being felt all up and down the east coast. a lot of people wondering what this will mean for the election tuesday. >> well, one affect it could have, it could freeze the election wherever it is right now for the next half week or so. i think people will be focused on this
in star bucks for an hour and a half? these folks we have on today, huge romney guys. i'm worried about you. i want you to just take a deep breath. >> i'm going to have a great morning. this is like a cocktail party of the morning. >> a billionaire are solar. i don't know how that happened. >> smart guy. >> still pitching the no fossil fuels. we'll have to ask how we'll manage that. but this is like what it's like in an all solar world. it would be worse than this, just so you know. just take a good look around. >> why want to tell you what the cover of business week looks like. >> i know what it is. >> it says it's global warming, stupid. >> i saw al qaeda was blaming it on our nasty activities around the world. i would bet you that the link is about to have the same chance of being true of either one. >> governor cuomo was talking about this yesterday, how the storms are coming in more and more frequently. insurance companies are saying that -- >> they're the not though. >> but they're hitting major population centers and maybe causing more problems there. >> to look at anything on a
romney will resume campaigning today in florida. for more on this, ben white, wall street correspondent and author of "morning money" will join us in just a short while. stay tuned for that. we'll be right back. ♪ ♪ ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 lexus ls f sport. an entirely new pursuit. >>> president obama plans to fly to new jersey this afternoon to meet with governor chris christie and tour the storm damage to the jersey shore, specifically atlantic city. mitt romney is going to resume campaigning in florida. joining me now is ben white. how does this play out into the election next week? the president is going around looking presidential, i suppose. >> yeah, that tends to help a sitting president. and i think to the extent that it has any impact, i'm not sure it has a big one, it's probably helpful to president obama, particularly today you'll see pictures of him touring the damage in new jersey with the governor of new jersey, chris christie, a republican, who has been a big backer of mitt romney, who in the afte
that under a romney administration the rich people would do better. whether you believe that or not that is the perception. if romney does win brunswick goes higher. let's go to ryan in mississippi. >> booyah cramer. what are your thoughts on mmc and where do you see this company goes in the feature. >> that stock has done nothing. i got to tell you. it needs to be a catalyst. i has a couple of businesses. i can't recommend it. not in a situation where you might be able to get travelers on the pull back. it could be much, much better. it is exactly what we needed. i think restoration hardware fits the bill. i want you to buy bye-bye and stay with cramer. >> coming up, are you ready to get charged up? cramer goes electric on an all new hyper active lightening round. and later lump of coal? this has been burned in 2012 as natural gas has caused coal to get the cold shoulder. cramer has the plays when he goes off the charts. >> all coming up on m"mad mone." if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment?
. is it qe, or is it romney? are the effects of the weaker stock after the number, are they effects of a stronger dollar after the number really because of qe, or are they because not only do we potentially have a challenger that's close enough to win but if that challenger does win, what's to say to bernanke, what's to say to the fed, what's to say to qe, what's to say to the bye bauy backs? you can go either way on it. all these issues are making it difficult for investors who have a good hunch to necessarily bet a bunch. >> very interesting day. you make a lot of good points. jeff cox, what do you think? >> i want to piggy back on this theme of good news is bad news and maybe people are worried about bernanke is going to go to the basement of the fed and pull the plug on the printing press. if investors out there are concerned that we do stop the qe train and it might get in the way of market rally, let me offer something for them. i've been crunching the numbers on the jobs report all day. the thing that stood out to me more than anything was no gain in wages. we've been stuck o
re-elected by one electoral vote and romney getting the popular vote particularly because of the storm on the east coast, you know, new york, new jersey, and connecticut tend to lean democratic, so you might have fewer public votes from the democrats. it's going to be interesting. i would not like to see that happen. i think the country is a little too strained already. >> lawyers already waiting by the phones. thanks, art. have a good weekend. art cashin. the october jobs number, sandy's impact on the economy, the future for job creation and a presidential election. we'll discuss it all with adviser alan krueger in a moment. >>> plus, restoration har wear jumping into the i po waters. the ceo and founder after the retailer's first trade happening right here at the big board. of course the opening bell is in three minutes. >>> tonight americans will unite to aid those who need it most in an all-star benefit. an all-star benefit. hurricane and i'm here to tell homeowners that are 62 and older about a great way to live a better retirement. it's called a reverse mortgage. [ m
race. >> what does it mean for the president, for governor romney? a lot. larry kudlow and john harwood weigh in on that coming up next. >>> also coming up tonight, a storm chaser. he's run with sandy from the nation's capital all the way up to new york. we'll see what he's been up to coming up. ybe it was half an hoe showed you we thought the water will probably come on to tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#: 1-800-345-2550 lower than spdr tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and even lower than vanguard. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that means with schwab, tdd#: 1-800-345-2550 your portfolio has tdd#: 1-800-345-2550 a better chance to grow. tdd#: 1-800-345-2550 and you can trade all our etfs online, tdd
romney, this election season, there are now 47 million people on food stamps. that's an increase of 14.7 million people or 46% since obama took office, and those people buy the smaller units at dollar general. say what you want about the president, the increase in food stamps is a huge tail wind for dollar general. and it's natural they would have some major stock-up business ahead of this storm. however, hurricane sandy is just icing on the cake for dollar general. i can't do any trades because they're too flawed but this investment, i like. i would be telling you to make this investment without the food stamp stock-up business from the storm. why am i such a big fan of this one? dollar general is the best of the dollar steers. best management, it's been able to deliver consistent double-digit earnings growth for the last several years. second, there's been trouble in the dollar store space recently. i think this industry is still a terrific fit for the times we're in. it ain't no boom here. an environment of high unemployment, slow wage growth, expensive gas prices, you better believ
and mitt romney supporter chris christie setting politics aside because of sandy. how will the superstorm impact the presidential election just one week away? i'll speak with pennsylvania governor ed remember dell on the back half of this show. don't miss it. ♪ [ male announcer ] the way it moves. the way it cleans. everything about the oral-b power brush is simply revolutionary. oral-b power brushes oscillate, rotate and even pulsate to gently loosen and break up that sticky plaque with more brush movements than manual brushes and even up to 50% more than leading sonic technology brushes for a superior clean. oral-b power brushes. go to for the latest offers. oral-b power brushes. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. >>> welcome back to our special coverage. the nor
to work right new. because of this election, if we see romney elected, we'll see oil prices drop. you'll see energy prices drop. that might be a buying opportunity at that point. other than that, i really believe we have to just take a look and see attitude right now. >> well, one of our guests, a regular on this program, had a great idea. he said to me, maybe for one month the fed instead of putting that $40 billion of mortgage-backed securities buying, put that on hold and send it to some of the ravaged areas like staten island, like new jersey. >> i love it. i absolutely love that idea. >> i do too. >> then the fed's crossing the line into fiscal policy and out of the realm of monetary policy. >> where are we going to get it? >> fema responds rather adroitly to -- katrina notwithstanding, to these disasters. i suspect they're going to be quite responsive right now for those who have been displaced, who have lost family members, who don't have homes. i think there will be a rapid response from the federal government. >> i'm just saying, we could use that money in other areas right n
obama, 46% for mitt romney. finally new hampshire, the only state in the northeast where mitt romney's a real threat to take away from democrats. president obama's got a 2 percentage point lead, 49-24. in all of these polls, we see that mitt romney is roughly even with the president on the -- who can best manage the economy. on their favorable ratings, mitt romney's has improved, but in each case the lead the president has among women is spllightly larger than the lead mitt romney has among men. simen? >> john, thank you. >>> let's move from sandy and the road to recovery. baby steps i'm afraid still being taken in the city of new york today, including reports that manhattan power may be back online during the course of the weekend. until then, things appear to be getting tense. our senior correspondent scott cohn joins me now from lower manhattan. scott, i just heard firsthand that some residential buildings are now hiring armed guards because of the type of threat that they have faced from people attempting to loot as, of course, the police make those very regular trips during the
us for the report. and then we'll get reaction from the romney campaign with ron hubbard. that's at 8:40 eastern time. obviously a lot on our plates today. andrew, i'll send it over to you. >> the coast guard opening the port of new york new jersey on a restricted basis today allowing the backlog of barges containing gasoline and fuel into the area for the first time. how soon, however, will we see relief in the area impacted by sandy? that's the big question this morning. joe knows this very well, on my way in today, i had to take a taxicab for $125 because jeeves was this line to get gas, he was out of gas. >> i tried to take a car, my guy who i call -- he is not, but he nights as well be a former -- he has never failed. on on tuesday he came. and there have been snowstorms in the past where we've gone off the road, around, jack moved tractor trailers to get here's couldn't get gas. and so then i had to use -- i had a certain amount left in reserve. my gas tank is locked because people are siphoning now. >> it happened to one of our producers. >> there are people with guns. first 12
of view when it comes to the election but those are the numbers right now. >> mr. romney has been pointing out that the unemployment rate is higher -- by .01%. >> you say a war, it misses the whole story, the whole drama. >> john harwood, it feels to me that we're going to spend most of the weekend in spin class, if you will, as both sides try and spin these numbers for their own purposes. >> well, i do think it is a little bit late for spin. i wouldn't -- i agree with steve, i don't think this report is a game changer, positive or negati negative, for the president. we've seen even before the last report when the jobless rate went down below 8% to 7.8%, it did not move the needle very much in terms of the presidential race. our country is very polarized. 90% of the people have already made up their mind who they are going to vote for. the idea we are recovering economically but very slowly in a manner in which there are millions of people still looking for jobs is baked in to everybody's expectations. i think this gives the president a grace note to close his campaign on, not likely to ma
's also what mitt romney's going to speak about at every one of his campaign stops. >> that is the big number there. gary, at this point, we're still in earnings season. many companies had to delay their earnings reports. we have to get out of this crisis mode here. are you surprised we're rallying even though the markets still face a lot of uncertainties? >> no, bill, i'm really not that surprised. we've had a decent selloff in the market. the s&p 500 is off about 4% or 5% from its peak in mid-september. you know, now we're getting about 100 basis points back here. the technology sector was up almost 10%. it's having a nice bounceback as well. so i'm not too surprised. there is a technical effect going on here with this rally. >> all right. thank you, both, for joining us today and your thoughts on today's market. appreciate it very much. so on the heels of sandy, finding gasoline is becoming harder and harder in the metropolitan area surrounding new york city. it's becoming a major headache for many commuters in one of the most densely populated areas of the country. mary thompson at
's hearing and the status here on hurricane sandy. of course, mitt romney has also canceled campaign events today and through tomorrow, guys. we're expecting some update here from the president. but this hurricane has really thrown a monkey wrench in the campaign season with the election just one week away, scott. >> yeah. speaking of the come paampaign,, as we wait for the president. mr. obama doesn't want to take advantage of the situation. he is the president and does want to appear presidential a week or so away from the election. >> absolutely. we've been slicing and dicing this all morning trying to figure out who this hurts and who this helps politically. obviously for president of the united states to appear in that role as commander in chief at a time when americans are in danger and are hurting, that would be an advantage. if you just look at it very crassly, very politically as we have to do here a week out of election day. but obviously we've seen hurricanes turn bad politically for presidents in the past. if there is a bungling of the response by the federal government, that wo
until the election. >> bertha, thanks so much. how about that? can the romney boubs many coal continue? >> it can. think about how far these stocks came down. they were completely obliterated and traded as if they were never going to recover. once we have that first debate where governor romney spoke to the coal name, they've been in rally mode here and now, i think people are realizing regardless if it's a romney victory or obama victory, you're going to see coal recover. i think the upside in coal continues. >> there's been a nat gas relation? >> a lot of people are focusing away from the shift from that gas, away from coal to nat gas and now saying maybe there will be some shifting if nat gas breaks above four, maybe back to coal. i believe you can be long coal and also long the nat gas. >> all right. well, we continue to monitor the gas shortage gripping the new york metro area. really, the try state area. the squeeze sending ripple affect throughout the region. jackie deangelis has been monitoring this closely and is also the host of a new online show on called "futures n
to the wire, and whether it's obama, whether it's romney, i think people want to sit back with a ton of money on the sidelines waiting to allocate that money once we know who the next president is going to be. >> so the market is a big story as it should be today given the fact that we've had the jobs report. we're closing out a pretty trying week for everybody involved, including those folks at the new york stock exchange. the gas crisis remains very much in our focus as well today in the northeast. you can see the lines there. they're growing at gas stations all along the tristate area. that's what we call new york, new jersey, connecticut, where we are here. people waiting in long lines to fill up gas cans for their generates, their cars. many still have no power and cannot pump fuel. it's made the problem even worse. is relief finally in sight? well, the secretary of homeland security issuing a temporary waiver allowing more tankers into this area. bertha coombs joins us now with the very latest. bertha? >> reporter: scott, we're off the waters of bayonne. behind me is the imtt. it's a ma
. in china. this is really -- this is maybe the most right now. obama/romney stock away from the business and obama's people, made it clear they won't sell the remaining stake in gm. tim massen said the same thing, and the disposal agent. romney's camp indicated they will take gm immediately. they will sell that stock, so that's a pretty by near situation. you will get results from ralph lauren. will they be the next company that we thought was doing well and europe slowed? the stock went down 13 points, but that won't be enough. anything negative at all on the call, ralph lauren trades hard, up and down on very little volume. please be careful. there are huge numbers reporting, companies reporting on thursday, including exon. i think that will be just fine, by the way. i want to hear from little chart industries, the company as an important recommendation, and key to our nation's attempt to harness natural gas. it's a huge cost control for the whole conversion. we'll be on it. kellogg is a trade and there was a time when kellogg was consistent, consistent, consistent. i think you want to
, could get the stock moving. in china. this is really -- this is maybe the most right now. obama/romney stock away from the business and obama's people, made it clear they won't sell the remaining stake in gm. tim massen said the same thing, the disposal agent. romney's camp indicated they will take gm immediately. they will sell that stock, so that's a pretty binary situation. you will get results from ralph lauren. will they be the next company that we thought was doing well and europe slowed? the stock went down 13 points, but that won't be enough. anything negative at all on the call, ralph lauren trades hard, up and down on very little volume. please be careful. there are huge numbers reporting, companies reporting on thursday, including exxon. i think that will be just fine, by the way. i want to hear from little chart industries, the company as an important recommendation, and key to our nation's attempt to harness natural gas. it's a huge cost control for the whole conversion. we'll be on it. kellogg is a trade and there was a time when kellogg was consistent, consistent, consis
lose next week, but are they so panicky that they want to suggest that mitt romney and the republicans are against disaster relief? the one thing you came up with yesterday was that romney wants to cut fema. >> i saw that on twitter. everybody was talking about it. >> there's some good stuff on the objective buzz feed. >> i saw that, too. objective guys. i follow them. and i was reading it and thinking this is like awful. i don't need to see any of this. >>> coming up, getting ready for trading. we'll reopen after being off for two days. >>> plus, sandy's path of destruction disrupting the campaign trail. but how will the superstorm impact the election? does this natural disaster give either party the damage? that's next on "squawk box." [ male announcer ] you are a business pro. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice bu
. republican mitt romney has avoided political talk at public appearances. meanwhile, obama has cancelled a rally in ohio today, and will instead visit new jersey to assess the damage with the states governor chris christie, the president keen to be seen responding rapidly to the crisis. >> i want you to cut through red tape. i want you to cut through bureaucracy. there's no excuse for inaction at this point. i want every agency to lean forward and to make sure that we are getting the resources where they're needed as quickly as possible. >> so there you go. president obama then just responding. we talked a little bit about this in the first hour with you about how this could suit obama in the campaign. has to be a little careful how you talk about it. but obama does look cool under fire. does have the ability to take this crisis and show that he is still presidential material. >> yeah, i think it helps obama. he looks presidential. he's in control of the crisis, assuming he remains in control. it's such a close race. it's the sort of thing that could be quite a key swing factor. romney's
the vote. the obama and romney hitting with full force. an michael bloomberg endorsed obama. he insisted obama could still fulfill the hope he implied four years ago despite what he calls a disappointing first term. meanwhile the president and his republican rival are focusing on change. >> we haven't can the same four more years. our xlant is five more days. >> you know what i believe, you know where i stand, you know i'm willing to make tough decisions everyone when they're not politically convenient. >> you have to ask yourself is america on the road to greece. are we on the road to check crisis as you're seeing in europe and italy and spain and other parts of the world. >> we know what change looks like. and what the governor's offering sure ain't change. >> while the election campaign is back ork many american still struggling to get back to normal following super storm sandy. at least 98 people now confirmed dead, millions still without power on the northeast coast. rescue teams continue to search houses for victims. drivers face gasoline short annuals. the president's response may
going into the election. we had a little bit of a pullback i feel because it's factoring in a romney victory, he said he would get rid of the stimulus, which would not be all the best news for this market, which i think is stimulus addicted. we got the fiscal cliff it's dealing with. for the most part it handled it really well. i'm expecting a good rally after the election after a tough october i would think we'll rally to new highs after the election, but with that earnings, investors have to be careful here and like what we're doing for our clients you need to pare back risk at that point, being wary of what the market will do next which is probably not pretty. >> happy you have your san francisco giants gear on. >> that's right. >> world series parade today, some happy times in the middle of all of this upset. >> yes, the giants are big -- sorry, maria? >> i said nice hat. >> thank you, yes it's a big deal up here in northern california, the big parade. i would have loved to have been there. the giants were a bit of a surprise to win the world series but always surprise us on the
think that is -- the way the markets are trading these days, if mitt romney wins, the market will expect a faster improvement in the economy than if barack obama is re-elected. i think that's probably the right way to look at it. >> all right. we'll leave it there. gentlemen, thank you very much, we appreciate your time tonight. we had a little bonus time there. i'm glad we got to that question. up next, my thoughts on leaders rising in the aftermath of super storm sandy. and a concert benefiting victims of sandy. bon jovi, christina aguilera. you can catch them tomorrow night at 8:00 p.m. join us for this special concert coming together. u tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#: 1-800-345-2550 lower than spdr tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and even lower than vanguard. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that means with schwab,
of an edge in the swing states, in particular, ohio, critical for mitt romney, enough to went election. they realize it is extremely close and realize they could lose it, but feel are fairly confident, at the white house they trying to as hard as they can to focus and project that they are focusing on the storm before the run suggested, tyler, the president doing his job, praised by chris christie, the governor of new jersey, as he was earlier today for attending to the job. that can't hurt, i'm a little skeptical myself of it providing a big boost to his campaign because, he is, after all, doing his job so many voters locked in. i don't expect it to switch a lot of votes but certainly can't hurt for the president to be seen as being his job in a competent way. >> i guess the risk of a screwup would got other bay, it that happened it could be damaging. >> george w. bush found that out. george h. w. bush found that out in 1992 when hurricane andrew hit florida and seen as not doing that effectively. yes, a bad case scenario, worst case scenario it could hurt. not sure how great upside s
him doing more events that will have to be canceled than romney. on the other hand, because romney is down a field goal and needs something to happen, the idea that sandy could flereeze things in place for a few days is not necessarily good for him because he had momentum after the first debate. the momentum seems to have died out. it's left him in a very competitive position. he could win the election. but he may need a little bit of push by the end. and then the other thing that people talk about is the idea that president obama can showrd shal leadership and he's helping people, using fema and other tools of the administration. i'm kind of skeptical of that because i think people understand that that's a president's job. i don't see the president getting much mileage out of that. but who knows. >> this is a random question. if the election were held tomorrow, would they ever cancel or delay the actual election itself due to weather,s that that ever happened? >> not to my knowledge. i think it would be very, very difficult to do. but, you know, stranger things have happened. i'm
to gm. this is a romney stock. romney said he'll dump gm the moment he becomes president. but tim said that we'll wait until people are back to even. i think they'll get back to even. >> they say by mid decade in europe. >> i trust them. >> something we've been waiting to say all week long. the opening bell is coming up next. "squawk on the street" will bring it to you after this short break. [ male announcer ] this is joe woods' first day of work. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. >>> welcome back. you're watching "squawk on the street" live from the financial capital of the world. opening bell set to ring in a little less than two mississinu. the man on that balcony
it should be dealt with. romney had made some comments in some of the earlier debates about whether he would try to scale fema back. the president pushed back, there was an editorial in "the new york times" this morning. i wanted your thoughts. >> i think these problems are more of a local based thing. new york has some great people and great workers and great construction people and you look at the mta, what they're doing to clean up the subway. i mean it's amazing what's going on if you look at the subways, the tunnels are i hear loaded to the top with water and it's saltwater which is the worst kind of water. it corrodcorrodes everything. the local people in these tragedy do a great job no matter where you're talking about in this country. >> how long does the $5 million offer? >> i have to extend it. everybody's talking about it. it's got unbelievable momentum. i was on "the david letterman show" the other night and it was amazing, like a tremendous ovation, but i think it's unfair to say i'll make it thursday at 12:00, i'm extending it thursday to 12:00, $5 million to the favorite chari
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